The study covers geographic analysis that includes regions like North America, Europe, Rest of Europe, Asia Pacific, Rest of Asia Pacific, Rest of the World and important players/vendors such asVerisk Analytics, Inc, SAS Institute Inc, SAP SE, Risk Edge Solutions The report will help user gain market insights, future trends and growth prospects for forecast period of 2017-23

According to Research, the Global Risk Analytics market is expected to grow from $ 13.72 billion in 2016 to reach $ 41.89 billion by 2023 with a CAGR of 17.2%. Growing demand for risk management among industries, rising need for accepting new technologies for smoother operations are fuelling the market. On the other hand, huge cost in implementing new technologies, shortage of analytical experts is hindering the market.

On-premises has acquired highest growth rate and the growth is attributed to the organisations using this in more number as it provides confidentiality to the data. By application, insurance segment is leading the market as it gives convenient data about customer value chain and also helps in reducing insurance frauds. North America is dominating the risk analytics market due to the acceptance of risk analytics solutions by various organisations to reduce losses.